BTC-Newswire

Bitcoin Power: Over 88,000 Millionaires Build Their Wealth Through Crypto – Study

Press Releases Crypto News Bitcoinist Bitcoin Power: Over 88,000 Millionaires Build Their Wealth Through Crypto – Study

The crypto world now boasts a staggering 88,200 crypto-millionaires scattered across the globe, according to the latest Crypto Wealth Report. This burgeoning class of wealth holders has seen their fortunes swell thanks to the ever-expanding digital asset universe.

Astonishingly, half of these newly minted millionaires have pinned their financial dreams on Bitcoin (BTC), the world’s largest and most popular cryptocurrency.

The report, which delved deep into the crypto landscape, also uncovered intriguing statistics about the upper echelons of crypto wealth. Among the 182 individuals who wielded more than $100 million worth of crypto assets, a significant 78 were devout Bitcoiners.

Further emphasizing Bitcoin’s sway, the report revealed that six out of the 22 crypto traders who had amassed fortunes exceeding $1 billion had primarily done so through trading the kingpin cryptocurrency, Bitcoin.

Source: Henley & Partners' Crypto Wealth Report

Experts Laud The Crypto Revolution

Eminent figures in the world of finance have weighed in on the crypto phenomenon. Jeff D. Opdyke, a seasoned investment expert, emphasized in a news release that “from the moment Bitcoin was born in 2009, crypto was always going to become the most inevitable trade in 30 years.”

Opdyke’s assertion is backed by the staggering $3 trillion market capitalization that the sector reached in 2021, marking a historic milestone in its evolution.

According to the Henley & Partners’ Crypto Adoption Index, Singapore has emerged as the undisputed leader in embracing cryptocurrencies. The city-state’s government has played a pivotal role in fostering the growth of its national digital asset sector while ensuring taxation policies that are advantageous for both investors and individuals.

Go to Source to See Full Article
Author: Christian Encila

Did you like this?
Tip BTC Newswire with Cryptocurrency